Why is Redington falling/rising?

As of 01-Jul, Redington Ltd's stock price is rising, currently at 329.55, reflecting an increase of 3.35 (1.03%). The stock has been gaining momentum, having risen 10.87% over the last three days and is trading above all key moving averages, indicating strong upward momentum. Additionally, the stock is close to its 52-week high, just 1.62% away from 334.9. Over the past year, Redington has generated a return of 48.01%, significantly outperforming the broader market, with a year-to-date increase of 64.90%. The company benefits from strong long-term fundamentals, evidenced by a 15.86% CAGR growth in operating profits and a low debt-to-EBITDA ratio of 0.41, which enhances its attractiveness to investors. Furthermore, high institutional holdings at 78.49% suggest confidence in the company's performance, as these investors typically have better resources to analyze fundamentals.
In the broader market context, Redington's short-term performance of +10.13% over the past week significantly outpaces the Sensex's increase of +2.00%, demonstrating its strong relative strength. The stock's liquidity is also favorable, with a delivery volume that has risen by 45.36% against the five-day average, indicating increased investor participation. However, there are risks to consider, such as a flat PAT result in March and a decline in profitability, which could temper future growth expectations. Despite these concerns, the overall market-beating performance and strong fundamentals contribute to the stock's rising price.